Search

Rating Index

Pros

Dedicated support from well-educated professionals
Diverse and advanced trading platforms including MetaTrader 4 and 5
No account opening or maintenance fees

Cons

Suspicious regulatory status with potential issues regarding legitimacy
Limited tradable asset classes compared to competitors
High spreads on exotic currency pairs, which may deter some traders

AlfaForex broker Accounts

Alfa-Forex Account Types

Alfa-Forex offers a streamlined approach to account types, providing one main account that can be accessed through three different trading platforms: MetaTrader 4 (MT4), MetaTrader 5 (MT5), and ZuluTrade. This single account type allows traders to engage in various trading strategies while enjoying features such as low spreads starting at 0.7 pips for major currency pairs and a maximum leverage of 1:200. Additionally, Alfa-Forex provides a swap-free Islamic account option for Muslim traders, ensuring compliance with Sharia law by eliminating overnight interest charges. The broker also offers a demo account, allowing traders to practice and familiarize themselves with the platforms and trading conditions without any financial risk.

Alfa-Forex Broker Account Opening Process

Opening an account with Alfa-Forex is a straightforward process that involves the following steps:

  • Visit the Website: Navigate to the official Alfa-Forex website.
  • Registration: Click on the "Registration" button to begin the application process.
  • Provide Personal Information: Fill out the registration form with your personal details, including your name, email, and phone number.
  • Email Verification: Verify your email address to confirm your account.
  • Document Submission: Upload necessary documents for verification, such as a scanned copy of your passport and proof of address.
  • Account Activation: It takes from several hours to 1-2 days for the account to be activated after document verification.
  • Deposit Funds: After activation, you can deposit funds using various methods, including credit cards and bank transfers, with no minimum deposit required to start trading.
  • By following these steps, traders can quickly set up their accounts and begin trading with Alfa-Forex.

AlfaForex accounts can be viewed for products that can be traded accounts with a minimum deposit of by (2+) .
AlfaForex Account